Buy a home with your IRA

If you are tired of all the madness in the stock market or just think you can do better with real estate, you may want to consider buying an investment property with your self directed IRA.

First you need to open an IRA with a qualified third party administrator that will do this. Then you will need you have your funds rolled over from wherever you have them now. Next you can start shopping for the property that you want.

Once you have found the perfect property, complete a purchase contract showing that your IRA will have title. You can provide your agent with an escrow deposit, but be sure to they know the check will be replace by one from your IRA company.

Then the admin will provide you will a  buy instruction letter for real estate which you will need to complete. This will provide more of the details of the transaction. Last and best of all the admin will actually complete the closing for you with the title company of your choice. Now obviously you will want to review and approve, but they will then take care of everything including the transfer of funds.